A little adjustment to gold, we have seen a nice correction from latest weekly resistance test down to previous weekly resistance (now support) confluence zone sits on our 1780 handle, whole number price, with weekly and hourly s/r. Healthy 50-618 correction from recent bullish breakout. Lets see where this H1 closes.
This is how I use the markets' different points to confirm the trades that I usually take
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. USDT.D has been bearish for the past 2 weeks. However, it is currently approaching support zone (7.9% - 8.1%) For the bears to remain in control, we need a daily candle close below the 7.9% In this case, further bearish movement would be expecting till the next support 7%...
Entering the market when BTC/USD goes down while BNB/USDT goes up (and vice versa) might be a veritable investment strategy. This seems to work in many timeframes but the most lucrative is the 15m timeframe.
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 7x new trade setups this morning. As usual, you can read my notes on the chart for my thoughts on these setups. The trades being a AUD/CAD Sell, AUD/USD Sell, GBP/JPY Buy, GBP/NZD Buy, USD/CAD Buy, USD/JPY Buy & XAU/USD...
1. Graphic Analysis The price has broken a diagonal support at the white line. If going to bet on a rise, I would expect a bear trap at $4. If the downtrend continues, the next targets will be hit on the Fibonacci projection. $1.30 would be the longer target. The indicator at the bottom demonstrates the correlation with the price of Bitcoin, which is...
As you can see in the chart, Recessions tend to start when unemployment rate bottoms. We're starting to see a bottom in the unemployment rate. Will we see a reccesion next? Let's wait and see FRED:UNRATE
16/11/2022 | 04:34 The price of gold stabilized near a three-month high on Wednesday as signs of cooling U.S. inflation boosted bets for lower rate hikes as markets waited for more. clarity regarding reports of Russian missiles killing two people in Poland. = traders are betting on a rate cut, so gold goes up and the dollar goes down "Gold is still largely...
Inflation in the US came down last week which allowed stocks finally to rally while US yields and USD came down across the board. Speculators think that FED will slow down the hikes, but further move on some of the FX pairs will now depend on data outside of the US. We have UK and Canadian CPI this week, while the focus will be also on RBA meeting minutes. So...
USDMXN remains bearish and it’s now in a sharp intraday decline aboutwe have been warning about in the past. We see pair now breaking the trendline support and its falling below the important 19.70 level. This may cause more more weakness as a higher degree bearish triangle can come to an end. In fact, MXN has been one of the strongest even when USD was up vs GBP,...
Hello traders, today we want to update our Crude oil chart compared to USDMXN currency pair from October 06. As you can see, Crude oil remains nicely bullish after we spotted a bullish reversal out of the wedge pattern. At the same time USDMXN pair is breaking out of bigger bearish wave B triangle pattern. Well, Crude oil is now trying to continue higher within...
According to my latest analysis, the upcoming Non-Farm Payroll (NFP) should be "Positive" with a small increase in MOM average hourly earnings, this will boost the USD and bring the gold down, and I hope you understand the correlation between CHF & GOLD (they move in the same pace) that's why watching the bigger picture the pair is in an uptrend, but in a couple...
After observing carefully, I see that there is a pretty good correlation between bitcoin period 2018 - 2022 and dow jones for the period 1956 - 1961. And it turns out that the btc-dji correlation is also likely can be applied to some alts. Below are some examples I've tried to correlate. $XRP to $10 $XTZ to $40 $RUNE to $90 This post is purely for...
Bitcoin bottoms and high-return periods often align with high correlation to Gold. We have that today. Arguably it allows Bitcoin to move more freely, more like hard money (what it is designed to be) and more organically. It is much better when Bitcoin is correlated to Gold as opposed to stocks.
Ethereum look that has a bearish evolving in weekly timeframe, what it's a moment to sell Ethereum as Ethereum can to make a deep impact in front of U.S. Dollar in front of this bear market what crypto living today. Also, it's obviously that Bitcoin it's still bearish, one of the best strategy to accumulate Bitcoin using altcoin it's knowing the 3 key...
On weekly timeframe, CHFJPY has reached an overbought zone (RSI), an intersection between upper channel and horizontal support. On lower timeframe, we've seen a big rejection recently, and then a correction upward : here we reach the 80~88% fib levels of the last rejection (D1), with a bearish engulfing pattern yesterday. This behavior can be a potential sell...
Gold is weak and should be reaching for 1447.38 A great confluence is the sells we have on EurUsd currently...
Crude oil has been trading south for the last couple of months, but the price action is not so strongly bearish anymore and the wave structure is getting overlapped. It means that Crude oil is running out of steam within an ending diagonal (wedge) shape. Well, with current break out of that wedge pattern and with recovery above the upper ending diagonal line,...